---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-043852"
form_type: "8-K"
ticker: "XAIR"
cik: "0001641631"
company_name: "Beyond Air, Inc."
filed_at: "2024-11-06T23:59:59+00:00"
generated_at: "2026-05-30T04:36:18.246561+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Beyond Air secures $11.5M secured loan from CEO and director; issues warrants

## Summary
- $11.5M loan at 15% interest (3% cash, 12% PIK through June 2026); matures Oct 2034.
- Warrants for 15,159,504 shares at $0.3793/share issued to CEO Steven Lisi and director Robert Carey.
- Loan secured by substantially all assets; quarterly repayment from 8% royalty on net sales starts Oct 2026.
- Independent board and investment bank approved the related-party transaction.
- Proceeds used for working capital and refinancing; loan is full recourse upon maturity or default.

## SEC filing metadata
- accession: 0001493152-24-043852
- form_type: 8-K
- ticker: XAIR
- cik: 0001641631
- company_name: Beyond Air, Inc.
- filed_at: 2024-11-06T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1641631/000149315224043852/0001493152-24-043852-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1641631/000149315224043852/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-043852
- JSON: https://secwatch.observer/filing/0001493152-24-043852.json
- Plain text: https://secwatch.observer/filing/0001493152-24-043852.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.